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CIA Exam Part Three: Business Knowledge for Internal Auditing

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CIA Exam Part Three: Business Knowledge for Internal Auditing Questions and Answers

Questions 1

An organization is projecting sales of 100,000 units, at a unit price of $12. Unit variable costs are $7. If fixed costs are $350,000, what is the projected total contribution margin?

Options:

A.  

$350,000

B.  

$500,000

C.  

$850,000

D.  

$1,200,000

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